Roblox Corporation (NYSE:RBLX – Get Free Report) CFO Naveen Chopra sold 17,509 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $664,641.64. Following the completion of the transaction, the chief financial officer directly owned 363,249 shares in the company, valued at $13,788,932.04. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Roblox Stock Up 0.9%
RBLX opened at $38.70 on Tuesday. The business’s 50-day simple moving average is $46.97 and its 200-day simple moving average is $52.38. The stock has a market capitalization of $25.93 billion, a P/E ratio of -27.06 and a beta of 1.46. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. Roblox Corporation has a one year low of $33.88 and a one year high of $142.00.
Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.08. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.60 billion. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.41) earnings per share. Analysts anticipate that Roblox Corporation will post -1.39 EPS for the current year.
Institutional Investors Weigh In On Roblox
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hanson & Doremus Investment Management purchased a new stake in Roblox during the first quarter worth $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Roblox during the 4th quarter worth $27,000. Basecamp Wealth Advisors LLC boosted its position in shares of Roblox by 98.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock worth $29,000 after buying an additional 252 shares in the last quarter. GW&K Investment Management LLC grew its stake in Roblox by 76.3% in the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after acquiring an additional 161 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Roblox by 100.7% in the first quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 283 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Roblox News Roundup
Here are the key news stories impacting Roblox this week:
- Neutral Sentiment: CEO David Baszucki, CFO Naveen K. Chopra, CAO Amy Marie Rawlings, and insiders Mark Reinstra, Sean Jack Buckley, and Matthew D. Kaufman collectively sold 113,583 shares worth approximately $4.31 million on August 20, at prices near $37.96–$37.97. Each filing stated that the shares were sold to cover tax withholding obligations tied to vested equity awards, limiting the negative signal typically associated with open-market insider selling. Roblox insider transaction filings
- Neutral Sentiment: Although the sales reduced each insider’s individual holdings by roughly 4% to 7%, the executives and insiders continued to retain substantial positions in Roblox. The filings therefore provide limited evidence of declining confidence in the company’s outlook. Roblox CFO transaction filing
Analyst Ratings Changes
RBLX has been the topic of several research reports. Wells Fargo & Company set a $46.00 price objective on shares of Roblox in a research report on Monday, August 3rd. UBS Group set a $33.00 target price on shares of Roblox in a report on Friday, July 31st. HSBC downgraded shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research note on Friday, May 1st. Citigroup dropped their price target on Roblox from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Raymond James Financial started coverage on Roblox in a research note on Monday, June 29th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Hold” and an average target price of $60.89.
Check Out Our Latest Analysis on RBLX
Roblox Company Profile
Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.
Roblox’s business model is built around its virtual economy and creator ecosystem.
Featured Stories
- Five stocks we like better than Roblox
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.
